Singapore shares close 0.3 per cent up

A REPORT that the Japanese government is preparing a stimulus package worth more than 28 trillion yen (S$360 billion) gave a midweek pick-up to flagging stock markets.

Singapore equities ended 0.3 per cent higher on Wednesday, with the Straits Times Index gaining 8.05 points to 2,941.49.

Volume was relatively weak, though. About 991.1 million shares worth S$818.5 million in total changed hands, which worked out to an average unit price of S$0.83 per share.

The most actively traded counter was Annica Holdings, which was flat at S$0.001 with 252.5 million shares changing hands. Other actives included CNMC Goldmine and Noble Group.

Gainers outnumbered losers 212 to 182, or about seven up for every six down.